What is DeeBit Escrow? – Help Center

Definition of DeeBit Escrow

DeeBit Escrow is a third-party fund custody service. During a transaction, the platform temporarily holds the funds and releases them to the Delivery Party only after both sides have fulfilled their obligations, ensuring a secure trading process.

Before the transaction is confirmed completed by both parties:

Funds are temporarily frozen in the DeeBit Escrow Pool
The Delivery Party cannot withdraw funds early
The Payer’s funds are protected at a regulatory level
In case of disputes, either party may request platform arbitration

Why Did DeeBit Launch Escrow?

Web3 and cross-border transactions lack traditional credit mechanisms, resulting in risks such as:

Delivery Party failing to deliver
Payer refusing to confirm receipt
Scams and malicious breach of contract
Difficulty providing evidence in international transactions

To address these challenges, DeeBit launched the official Escrow service with:

Compliant custody
Automated processes
Arbitration Center
Intelligent risk control system

Providing users with a reliable, fair, and secure transaction environment.

How Escrow Works

Payer makes payment → funds enter DeeBit Escrow Pool
Delivery Party delivers the product or service
Payer confirms receipt
Platform releases funds
If a dispute occurs → process enters arbitration

Funds will never be transferred to the Delivery Party unless both sides confirm completion or the arbitration decision is made.

Use Cases for Escrow

Escrow is suitable for:

Remote service collaborations (design/development/operations, etc.)
Web3 / NFT / IP transactions
Community / KOL / marketing services
Outsourcing & project-based cooperation
Peer-to-peer digital asset trades
Cross-border team collaboration
High-risk or trust-deficient scenarios

Differences from Regular Transfers

Function	Regular transfer	DeeBit Escrow
Fund Security	No Security	Mandatory Escrow, Supervised Security
Withdrawability	Non-withdrawable	Delivery dissatisfaction can be subject to arbitration and result in a refund
Dispute Resolution	No Mechanism	Official Arbitration Ruling
Mutual Trust	Requires High-Level Trust	No Pre-Established Trust Needed
Scenario Suitability	Suitable Only for Acquaintances	Suitable for Strangers & Cross-Border Cooperation

Why Choose DeeBit Escrow?

Regulatory-level protection: Custodied funds are held in an independent Escrow Pool under the Hong Kong SFC regulatory framework.
Mandatory KYC + AML: Reduces risks of fraud, money laundering, and fake identities.
Platform arbitration: The platform provides final adjudication when parties cannot reach consensus.
Intelligent risk control: Detects abnormal behavior and reduces fraud risk.
Secure & transparent process: Users can check fund status and order progress at any time.